Guideline Value for Lee Royal Farms

Lee Royal Farms guideline value

The current guideline value of Lee Royal Farms is Rs 200 per sq.ft, effective from 1 July 2024. This property is located in Thirupanthiyoor village under the Sunguvarchattram SRO, classified as Residential Class IV Type - I.

How the guideline value of Lee Royal Farms has changed

In the 2012 revision, the guideline value was set at Rs 200 per sq.ft. This remained unchanged until the 2017 revision, where it decreased to Rs 134 per sq.ft, marking a drop of 33%. However, the value saw a significant increase in the 2023 revision, rising to Rs 200 per sq.ft, and this figure has remained constant into the 2024 revision, which also lists the value at Rs 200 per sq.ft, indicating no change from the previous year.

Between the years 2017 and 2023, there was a notable increase of 49%. Overall, from 2012 to 2024, the guideline value has not changed, remaining at Rs 200 per sq.ft.

Guideline values in Thirupanthiyoor

Thirupanthiyoor village has 53 streets under the Sunguvarchattram SRO with guideline values for 2024 ranging from Rs 200 to Rs 900 per sq.ft. The median value for these streets is Rs 350 per sq.ft, placing Lee Royal Farms below this median.

• Lourdhu Nagar: Rs 350 per sq.ft (2024)
• Madha nagar: Rs 450 per sq.ft (2024)
• Kizhandai Street: Rs 200 per sq.ft (2024)
• MathaKovil Street: Rs 400 per sq.ft (2024)
• Melandai Street: Rs 250 per sq.ft (2024)
• Mettu Street: Rs 250 per sq.ft (2024)

Stamp duty and registration fee for property in Lee Royal Farms

For a 1,000 sq.ft plot at the current rate of Rs 200 per sq.ft, the guideline value amounts to Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, bringing the total to Rs 18,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Lee Royal Farms?

The Sub Registrar Office that covers Lee Royal Farms is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Thirupanthiyoor

The guideline value is crucial during the registration process of property transactions in Thirupanthiyoor. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that these costs are based on an official valuation of the property.

Frequently asked questions

What is the current guideline value of Lee Royal Farms?

The current guideline value of Lee Royal Farms is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, including a decrease to Rs 134 per sq.ft in 2017 and a return to Rs 200 per sq.ft in 2023 and 2024.

What is the median guideline value in Thirupanthiyoor?

The median guideline value for the streets in Thirupanthiyoor is Rs 350 per sq.ft, with Lee Royal Farms being below this median.

What are the stamp duty and registration fees for property in Lee Royal Farms?

For a 1,000 sq.ft plot at Rs 200 per sq.ft, the total stamp duty and registration fees would amount to Rs 18,000, based on the guideline value.

Where is the Sub Registrar Office for Lee Royal Farms located?

The Sunguvarchattram Sub Registrar Office is located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.